ARTICLE · 02 MARCH 2021

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Reportable Arrangements

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The reportable arrangement provisions are set out in sections 34 to 39 of the Tax Administration Act ("TAA"). In terms of section 37(1) of the TAA.

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The reportable arrangement provisions are set out in sections 34 to 39 of the Tax Administration Act ("TAA"). In terms of section 37(1) of the TAA, the information required to be disclosed, in terms of the reportable arrangement provisions, must be disclosed by a person who is a "participant".

A "participant" is defined as in relation to an arrangement:

a "promoter" (ie, in relation to an arrangement, the person who is principally responsible for organising, designing, selling, financing or managing the arrangement);
a person who directly or indirectly will derive or assumes that the person will derive a "tax benefit" or "financial benefit" in relation to an arrangement; or

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